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3 BIG Spore banks ....:))

MrBear12
Supreme
25-Apr-2024 10:21     
 
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 Alert Admin 		IPOs at sky high prices in good times are dangerous.

Bears love them
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Alignment
Elite
25-Apr-2024 10:08     
 
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 Alert Admin 		Selling the bank properties potentially a good idea, but now is not the time, not when interest rates are high. Should do it when interest rates are low, and hence when REIT share prices are high. 
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MrBear12
Supreme
25-Apr-2024 10:04     
 
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 Alert Admin 		See first lah.
Reits good for smaller buyers.
Can buy the bank properties for a fraction of cost
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FATABA
Supreme
25-Apr-2024 09:31     
 
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 Alert Admin
Reit or no reit ...this is long term   
What is on hand is know $2B plus of property .....which is more value to its share price . 
Time will tell . DYODD
Happy investing. 

OCBC should put its properties into a Reit and distribute the trust& rsquo s units to shareholders
Redeveloped Chulia and Church Streets properties can anchor a Reit
 
WHAT does not kill one makes one stronger. This adage might aptly describe Singapore& rsquo s listed banking trio, which have emerged strongly from the Covid-19 pandemic.
 
Take Singapore& rsquo s longest established bank, OCBC : O39 +0.93%. It was formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912.
 
Shareholders who gather at the bank& rsquo s annual general meeting (AGM) on Apr 30 at Sands Expo & Convention Centre will have much to celebrate.
 
OCBC& rsquo s net profit attributable to equity holders for 2023 of S$7 billion was 44 per cent higher than pre-pandemic in 2019. 
 
In 2023, return on equity (ROE) was 13.7 per cent, versus 11.2 per cent in 2019. Meanwhile, the bank& rsquo s common equity tier 1 capital adequacy ratio rose from 14.9 per cent in 2019 to 15.9 per cent in 2023. The bank enjoys high credit ratings by major rating agencies. 
 
Shareholders are also being rewarded. Including the proposed final dividend, OCBC& rsquo s full year dividend per share for 2023 is S$0.82, up 21 per cent from a year ago and 55 per cent from 2019.
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MrBear12
Supreme
25-Apr-2024 08:11     
 
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 Alert Admin 		https://www.businesstimes.com.sg/opinion-features/ocbc-should-put-its-properties-reit-and-distribute-trust-s-units-shareholders
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MrBear12
Supreme
24-Apr-2024 16:16     
 
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 Alert Admin 		It is headed for 4,000pts, a new record in the next two years

hokpin      ( Date: 24-Apr-2024 16:13) Posted:

STI finally broke 3300 point now! Good Sign!
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hokpin
Supreme
24-Apr-2024 16:13     
 
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 Alert Admin 		STI finally broke 3300 point now! Good Sign!
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MrBear12
Supreme
24-Apr-2024 16:00     
 
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 Alert Admin 		Can turn red red quickly for US futures.
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seanpent
Supreme
24-Apr-2024 14:02     
 
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 Alert Admin 		futures green green
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FATABA
Supreme
24-Apr-2024 09:26     
 
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 Alert Admin 		OCBC is moving out and so need to rent a place . ( for say 3 years or so ) 
Funding is least of concern as OCBC has more then enough cash and Tier 1 capital . 
Long term rental income and not surprise to house ALL OCBC gp into one ( include GE) wld have good cost saving and rental income 
Not evven surprise if they sell off one or more of the new towers in the future. 
I think this project are bring in B ,,,not M $ ....land cost is in the old book numbers. 
DYODD

Rover88      ( Date: 24-Apr-2024 08:48) Posted:

Wonder how the bank is going to fund this redevelopment project and the implication though in the long term, its beneficial.

seanpent      ( Date: 24-Apr-2024 07:44) Posted:

Looking forward to this project ....
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seanpent
Supreme
24-Apr-2024 09:15     
 
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 Alert Admin 		Not sure on the financials for this, really.

Suppose banks' property developments have to go through proxy / partner ?

Rover88      ( Date: 24-Apr-2024 08:48) Posted:

Wonder how the bank is going to fund this redevelopment project and the implication though in the long term, its beneficial.

seanpent      ( Date: 24-Apr-2024 07:44) Posted:

Looking forward to this project ....
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Rover88
Member
24-Apr-2024 08:48     
 
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 Alert Admin 		Wonder how the bank is going to fund this redevelopment project and the implication though in the long term, its beneficial.

seanpent      ( Date: 24-Apr-2024 07:44) Posted:

Looking forward to this project .....

aragosta      ( Date: 11-Apr-2024 16:27) Posted:

Ok, here it goes..... by then $20 is not impossible.....

OCBC TO REDEVELOP SINGAPORE HEADQUARTERS INTO RAFFLES PLACE SUPER-PROJECT



Oversea-Chinese Banking Corp (OCBC) is planning to redevelop a trio of buildings near Raffles Place that make up the bank&rsquo s headquarters, in a move which could add a new mixed-use complex to Singapore&rsquo s central business district.

The OCBC Centre at 65 Chulia Street, along with the adjacent OCBC Centre East and OCBC Centre South, which fronts Church Street, occupy a site which combined spans more than 120,000 square feet (11,148 square metres), and could be redeveloped into a 1.8 million square foot complex.

Mingtiandi. understands that OCBC has appointed JLL as exclusive adviser for its plan to redevelop the three buildings, with the new complex potentially yielding 25 percent more space than the combined 1.35 million square feet of GFA in the existing structures.

&ldquo We are exploring the redevelopment of the 63, 65 Chulia Street and 18 Church Street to rejuvenate a strategic area in the central business district,&rdquo Emily Teo, the bank&rsquo s group head for property management, said in a statement to media on Wednesday. &ldquo Any redevelopment plans being explored will include preserving the rich heritage of OCBC Centre, a widely recognised iconic landmark in Singapore and Southeast Asia designed by the late renowned architect IM Pei.&rdquo

Centre City Hub



The project could potentially incorporate a mix of office, retail and hospitality uses, according to an  account by the Business Times, which broke the news. Market sources who spoke with Mingtiandi said JLL is likely to conduct a request for proposal campaign for the project, with OCBC and JLL declining to share details of the plan.

Alan Cheong, head of research and consultancy at Savills Singapore, sees the redevelopment as &ldquo imperative&rdquo since the properties, which are leased to third party tenants, in addition to serving as the bank&rsquo s home base, are already three to five decades old and trail market efficiency standards.

He also noted that the site two short blocks from CapitaLand&rsquo s CapitaSpring project in Singapore&rsquo s core business district has not been developed to its fullest potential.

&ldquo The clutch of OCBC buildings sit on plots of land with a plot ratio of 15. Judging from the height of the existing buildings versus UOB Plaza 1 and CapitaSpring, which also has plot ratios of 15, it appears that the OCBC sites are not built to their fullest potential in terms of gross floor area,&rdquo Cheong told Mingtiandi.

The redevelopment plan, which could yield 450,000 square feet of additional space for OCBC, comes as average office rents in Singapore&rsquo s central business district rose to an average of S$11.42 ($8.48) per square foot in the first quarter, to reach their highest level since the fourth quarter of 2008, according to JLL.

During the first three months of the year, vacancy dropped to a post-pandemic low of 5.3 percent, from 5.5 percent at the close of 2023.

Partner Search



With the bank said to be looking for a partners for the redevelopment project, Cheong added that finding an ally with the financial clout and development expertise to manage the development would be crucial.

&ldquo Potential players could be private equity funds or large developers with a sterling balance sheet and good risk management procedures in place so as to ride through the development and ownership process hand in hand with the bank,&rdquo Cheong said.

Standing 197.7 metres (649 feet) tall, the OCBC Centre was the tallest building in Southeast Asia when it was completed in 1976. Built on the site of the China Building that had been the bank&rsquo s home since it was founded in 1932, the tower cost OCBC S$100 million at the time.

OCBC Centre South was completed in 1985 and OCBC Centre East followed in 1996 with the original building being designated as a historic site by the National Heritage Board in 2001.

The properties are located near the Singapore River and about 10 minutes walking distance from Raffles Place and Clarke Quay MRT stations.

OCBC is understood to be looking for an office of 300,000 to 400,000 square feet which it could use as a temporary base during the redevelopmen
 


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seanpent
Supreme
24-Apr-2024 08:06     
 
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 Alert Admin 		https://www.theedgesingapore.com/capital/brokers-calls/analysts-remain-overweight-singapore-banks-uob-kay-hian-lifts-dbss-and-ocbc

" $18.15"
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seanpent
Supreme
24-Apr-2024 07:44     
 
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 Alert Admin 		Looking forward to this project .....

aragosta      ( Date: 11-Apr-2024 16:27) Posted:

Ok, here it goes..... by then $20 is not impossible.....

OCBC TO REDEVELOP SINGAPORE HEADQUARTERS INTO RAFFLES PLACE SUPER-PROJECT



Oversea-Chinese Banking Corp (OCBC) is planning to redevelop a trio of buildings near Raffles Place that make up the bank&rsquo s headquarters, in a move which could add a new mixed-use complex to Singapore&rsquo s central business district.

The OCBC Centre at 65 Chulia Street, along with the adjacent OCBC Centre East and OCBC Centre South, which fronts Church Street, occupy a site which combined spans more than 120,000 square feet (11,148 square metres), and could be redeveloped into a 1.8 million square foot complex.

Mingtiandi. understands that OCBC has appointed JLL as exclusive adviser for its plan to redevelop the three buildings, with the new complex potentially yielding 25 percent more space than the combined 1.35 million square feet of GFA in the existing structures.

&ldquo We are exploring the redevelopment of the 63, 65 Chulia Street and 18 Church Street to rejuvenate a strategic area in the central business district,&rdquo Emily Teo, the bank&rsquo s group head for property management, said in a statement to media on Wednesday. &ldquo Any redevelopment plans being explored will include preserving the rich heritage of OCBC Centre, a widely recognised iconic landmark in Singapore and Southeast Asia designed by the late renowned architect IM Pei.&rdquo

Centre City Hub



The project could potentially incorporate a mix of office, retail and hospitality uses, according to an  account by the Business Times, which broke the news. Market sources who spoke with Mingtiandi said JLL is likely to conduct a request for proposal campaign for the project, with OCBC and JLL declining to share details of the plan.

Alan Cheong, head of research and consultancy at Savills Singapore, sees the redevelopment as &ldquo imperative&rdquo since the properties, which are leased to third party tenants, in addition to serving as the bank&rsquo s home base, are already three to five decades old and trail market efficiency standards.

He also noted that the site two short blocks from CapitaLand&rsquo s CapitaSpring project in Singapore&rsquo s core business district has not been developed to its fullest potential.

&ldquo The clutch of OCBC buildings sit on plots of land with a plot ratio of 15. Judging from the height of the existing buildings versus UOB Plaza 1 and CapitaSpring, which also has plot ratios of 15, it appears that the OCBC sites are not built to their fullest potential in terms of gross floor area,&rdquo Cheong told Mingtiandi.

The redevelopment plan, which could yield 450,000 square feet of additional space for OCBC, comes as average office rents in Singapore&rsquo s central business district rose to an average of S$11.42 ($8.48) per square foot in the first quarter, to reach their highest level since the fourth quarter of 2008, according to JLL.

During the first three months of the year, vacancy dropped to a post-pandemic low of 5.3 percent, from 5.5 percent at the close of 2023.

Partner Search



With the bank said to be looking for a partners for the redevelopment project, Cheong added that finding an ally with the financial clout and development expertise to manage the development would be crucial.

&ldquo Potential players could be private equity funds or large developers with a sterling balance sheet and good risk management procedures in place so as to ride through the development and ownership process hand in hand with the bank,&rdquo Cheong said.

Standing 197.7 metres (649 feet) tall, the OCBC Centre was the tallest building in Southeast Asia when it was completed in 1976. Built on the site of the China Building that had been the bank&rsquo s home since it was founded in 1932, the tower cost OCBC S$100 million at the time.

OCBC Centre South was completed in 1985 and OCBC Centre East followed in 1996 with the original building being designated as a historic site by the National Heritage Board in 2001.

The properties are located near the Singapore River and about 10 minutes walking distance from Raffles Place and Clarke Quay MRT stations.

OCBC is understood to be looking for an office of 300,000 to 400,000 square feet which it could use as a temporary base during the redevelopmen
 

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seanpent
Supreme
23-Apr-2024 23:28     
 
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 Alert Admin 		https://thesmartinvestor.com.sg/ocbcs-share-price-is-touching-a-52-week-high-can-the-bank-continue-to-do-well/
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Goldfinger
Supreme
23-Apr-2024 22:08     
 
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 Alert Admin 		Thanks, so looks like 2 records were breached for OCBC today, both the intra-day and closing high prices.  Looks like this will push the sentiments higher.

MrBear12      ( Date: 23-Apr-2024 18:31) Posted:

Previous all time high 2 May 2018: 14.04 intraday 13.96 closing

Present all time high  23 Apr 2024: 14.10 intraday 14.02 closing
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Newcomer19707016
Veteran
23-Apr-2024 21:52     
 
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 Alert Admin 		Will ocbc go down in next few days?
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MrBear12
Supreme
23-Apr-2024 18:31     
 
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 Alert Admin 		Previous all time high 2 May 2018: 14.04 intraday 13.96 closing

Present all time high  23 Apr 2024: 14.10 intraday 14.02 closing
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Goldfinger
Supreme
23-Apr-2024 18:06     
 
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 Alert Admin 		Would you happen to know the intra-day and end of day ATH for OCBC?

MrBear12      ( Date: 23-Apr-2024 17:38) Posted:

Some profit taking at the end for OCBC as it claimed a new high. But it was a bold move above 14 and then to hit an ATH, albeit briefly.
 

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MrBear12
Supreme
23-Apr-2024 17:38     
 
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 Alert Admin 		Some profit taking at the end for OCBC as it claimed a new high. But it was a bold move above 14 and then to hit an ATH, albeit briefly.
 
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